Thank you for your wishes and letters. I read each of your letter and I am brimming with joy to see how concerned you all are in taking charge of your finances. Financial independence is the biggest gift you can give to yourself and your family.

What you earn is important, but what you do with your earnings is more important.

As a response to some of your letters asking for financial advice, I have penned down 4 lessons from my personal experiences. Hope you will find it useful and would apply in the new year. But before that, I have tried my hand at editing the jingle to match my advice. Enjoy!

Jingle Bell Jingle Bell Jingle all the way

Santa Claus is coming around, let’s see what he has to say

A day or two ago, I thought I’d take a ride

To tell you all my mantra of Plan. Save. Track with pride

Ho Ho Ho

#Lesson 1 - Plan your Goals

Not the football goals…ha ha

All your dreams..big or small when attached to a timeline will become a goal and thats an important lesson in your finances as well. If you want to change “I wish” to “I will”, you have to have define your goals. Goals that are Clear. Specific. Measurable.

I agree with Warren Buffet on the following lines - “Do not save what is left after spending, but spend what is left after saving.” I would add here Save with Goals in mind.

But How? Many of you have expressed how much you would like to save but struggle with so many expenses and ever increasing inflation.

I would say if you have goals, you have the motivation to save. Pen down all your goals and then align your investment options with them. Clear goals that sync with your income and responsibilities make way to a successful investment.

That’s what I do at the start of the year, to save for all the lovely presents for you all across the world. Now that I am learning how to use internet, I can tell how convenient it has made my life. Why don’t you do your goal planning online as well? With a few clicks, I sorted my plan for this christmas. I am sure you can too.

#Lesson 2 - Invest Wise

I believe whether it is your heart, your time or your money, you should invest it wisely. At least I follow this philosophy.

I leave it to you on what/whom you would like to invest your heart and time, but money my friend needs a well thought out plan. Once you have sorted your goals, make sure you have a workable plan by your side to park your hard earned money. Your money is not just a way to fulfil your materialistic desires, it is the result of your time spent away from your loved ones as well. So you have a responsibility to ensure the sacrifice of personal time made by your family is well rewarded. At least I see it this way.

How to make the plan? Simple!

Keep your goals and the deadline for achieving them in sync with the money you can invest and the kind of risk you are willing to take.Once you have clarity of these things, pick your investment options. Do not follow the herd, be yourself and find your way. What might work for your friend may not work for you. If you are not confident of what investment options would work the best for you, take help of financial wizards.

#Lesson 3 - Track your Savings

After you have parked your money, do not forget about it. Try to be like GPS, I love the way it tracks the journey till you manage to reach your destination. You should track how your money is growing, what you need to do to appreciate it. Your earnings might change, your priorities might change, the market might change so your investment options should change too.

I upgraded my sleigh with GPS this year and I am so happy that I was able to reach out to all my children with presents on time. If you feel the need to upgrade your plans, seek help from professionals who will lend a hand at Planning, Investing and Tracking.

#Lesson 4 - Repeat till you succeed

This is an important part of any successful journey. Unless you reach your goals, you should keep investing and once you do, you can always set fresh goals.

Till we are alive, our desires will grow…so Plan.Invest.Track. Repeat!

Financial planning is a process that provides you with (a) A scientific way to manage your finances. It helps individuals make calculated provisions to align their future goals and requirements. and (b) a personal goal plan that enables users to realize objectives for their future.
5nance makes use of an innovative financial planning software to analyze your existing portfolio and set up plans to meet those objectives.
We offer financial planning tools and services like budgeting, investment planning, insurance planning, cash management, retirement planning and real estate planning.

Who is a financial planner? How can 5nance.com help you plan better?

A financial planner is an expert who advises users to manage money in a methodical manner. Our personal finance software plays the role of a budget planner and helps users plan their goals and make goal based investments..
Our integrated financial accounting software helps users identify their financial requirements, present priorities, future needs and products that are most suitable to meet their needs.
We provide tools that allow our users to create monthly investment plans, track spending patterns and optimize savings.

How does 5nance.com create an individual’s personal financial plan?

As a personal budget software, we take care of user’s money management needs such as budgeting, expenses tracking and savings optimization.
You can expect comprehensive financial planning and best investment recommendations from our investor friendly portal.
We provide real time portfolio tracking and put out timely alerts and research calls to optimize returns on their investments.
Online automated advisory and services offered by us is absolutely free of cost. Users can make investment through our portal without incurring any expenditure.

How is 5nance platform different from others?

Like a personal budgeting software, 5nance.com offers a platform that enables users to go for budgeting, planning, advisory, portfolio tracking and investments in just few clicks.
We allow users to link their bank accounts with our portal to facilitate ease of operation.
Users can execute financial transactions and get prudent advisory at zero cost.

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